Matthews (NASDAQ:MATW) Is Now Covered By Buckingham Research. What can We Expect?

October 2, 2018 - By Ellis Scott

Investors sentiment increased to 1.5 in Q2 2018. Its up 0.21, from 1.29 in 2018Q1. It is positive, as 13 investors sold Matthews International Corporation shares while 45 reduced holdings. 26 funds opened positions while 61 raised stakes. 25.48 million shares or 1.75% more from 25.04 million shares in 2018Q1 were reported.

Neuberger Berman Group Incorporated Limited Liability Company holds 3,426 shares. National Bank & Trust Of New York Mellon Corporation has invested 0.01% of its portfolio in Matthews International Corporation (NASDAQ:MATW). Toth Advisory reported 2,962 shares. Great West Life Assurance Communication Can has 41,678 shares. Piedmont Inv Advsr Llc has 7,472 shares. Victory Capital reported 7,598 shares. First Natl Trust stated it has 0.13% in Matthews International Corporation (NASDAQ:MATW). 56,196 were accumulated by Swiss Bank. Thrivent Finance For Lutherans reported 22,044 shares or 0% of all its holdings. 3,586 were accumulated by Oppenheimer Asset Management. Deutsche State Bank Ag owns 50,578 shares. The Ontario – Canada-based Manufacturers Life Insur The has invested 0% in Matthews International Corporation (NASDAQ:MATW). Royal Fincl Bank Of Canada holds 320,301 shares. Gamco Incorporated Et Al reported 124,200 shares or 0.05% of all its holdings. California State Teachers Retirement System holds 47,762 shares or 0.01% of its portfolio.

Since May 7, 2018, it had 1 insider buy, and 1 insider sale for $457,092 activity. Another trade for 10,452 shares valued at $557,092 was made by DUNN BRIAN J on Friday, May 25.

Why Has Buckingham Research Given Matthews (NASDAQ:MATW) a $61 Price Target

Analysts at Buckingham Research initiated coverage on shares of Matthews (NASDAQ:MATW) in a research note issued to clients on Tuesday, 2 October. The company set Buy rating on the $1.60 billion market cap company.

The stock increased 1.76% or $0.86 during the last trading session, reaching $49.75. About 48,983 shares traded. Matthews International Corporation (NASDAQ:MATW) has declined 14.05% since October 2, 2017 and is downtrending. It has underperformed by 29.67% the S&P500.

Analysts await Matthews International Corporation (NASDAQ:MATW) to report earnings on November, 15. They expect $1.17 EPS, up 10.38 % or $0.11 from last year’s $1.06 per share. MATW’s profit will be $37.56M for 10.63 P/E if the $1.17 EPS becomes a reality. After $1.16 actual EPS reported by Matthews International Corporation for the previous quarter, Wall Street now forecasts 0.86 % EPS growth.

Matthews International Corporation provides brand solutions, memorialization products, and industrial products in the United States, Central and South America, Canada, Europe, Australia, and Asia. The company has market cap of $1.60 billion. It operates through three divisions: SGK Brand Solutions, Memorialization, and Industrial Technologies. It has a 16.38 P/E ratio. The SGK Brand Solutions segment provides brand development, deployment, delivery, brand management, 3-D graphics renderings, pre-media graphics services, printing plates, gravure cylinders, steel bases, embossing tools, special purpose machinery, engineering assistance, print process assistance, print production management, digital asset management, content management, and package design services to brand owners and packaging manufacturers; and creative digital graphics services, as well as designs, engineers, makes, and executes merchandising and display systems.

Another recent and important Matthews International Corporation (NASDAQ:MATW) news was published by which published an article titled: “Benzinga’s Top Upgrades, Downgrades For October 2, 2018” on October 02, 2018.

Matthews International Corporation (NASDAQ:MATW) Institutional Positions Chart

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